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RobertSoos
Dec 13, 2018 10:08 AM

USDNOK - double top short correction Short

U.S. DOLLAR / NORWEGIAN KRONEICE

Description

After key risk-event (Norges Bank rate decision) technicals can take over the field at USDNOK cross. NOK is among most undervalued ccys based on trade-weighted fair value models + it seems crude oil is stabilising. From the USD side eco data came in weaker, that might push Fed to take a softer stance on future rate hikes.

Trade closed: stop reached

Crude oil falling like a knife, NOK could not revert back to mean
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